SSS 2020: More steel, fewer workers will be needed in future

By IM Staff
Published: Thursday, 29 October 2020

Thirty years from now, the global steel industry will likely use more briquetted iron products and scrap and hardly any steelworkers, executives said during the "Steel Industry 2050" panel at Fastmarkets' 2020 Steel Success Strategies Online conference.

By Dom Yanchunas 

The majority of the panelists predicted that the consumption of steel will soar by 2050 - to as much as 4 billion tonnes per year, according to one estimate, from 1.87 billion tonnes in 2019.

While climate change and the desire to reduce greenhouse gas emissions...

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